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Print Print edition: 2022-04-14

Office hours revised: Banks, MFBs and DFIs to work 6 days a week: SBP

KARACHI: The State Bank of Pakistan (SBP) has announced to observe six working days in a week. As per the decision...
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KARACHI: The State Bank of Pakistan (SBP) has announced to observe six working days in a week.

As per the decision of the federal government, the State Bank will observe six days working week with the revised office hours during Ramazan, which will also be followed by all banks, Development Finance Institutions and Microfinance Banks.

PM Shehbaz abolishes two-day weekend for government offices

Office hours during Ramazan from Monday to Thursday and Saturday will be from 8:00 am to 3:00 pm with prayer break from 1:00 pm to 1:30 pm whereas on Fridays, office hours will be from 8.00 am to 1:00 pm without break.

The SBP has further advised banks and microfinance banks to observe the minimum business (banking) hours for public dealing from Monday to Thursday and Saturday, ie, from 8:00 am to 1:00 pm without prayer break whereas on Fridays, office hours will be from 8.00 am to 12:00 pm without break.

Copyright Business Recorder, 2022

SBP Ramazan microfinance banks office hours Development Finance Institutions

Comments

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Bilal Apr 15, 2022 07:38am
No economic benefit of this decision just it will add burden on poor employees of banks as 52 working days increase in an year.
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Globally, working hours have been reduced to maintain good work life balance ,but here they are are putting extra pressure on employees just to please their business partners.Imagine employees are working for 7 hours with fasting in hot summer,, travellin Apr 15, 2022 12:39pm
Globally, working hours have been reduced to maintain good work life balance ,but here they are are putting extra pressure on employees just to please their business partners.Imagine employees are working for 7 hours with fasting in hot summer,, travelling time is also separate
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Zain Apr 16, 2022 01:32pm
Utter example of ugly decision makers, not considering the fact that it does neither add value nor productivity at both the institution and individual level. Instead, just another cost burden.
0
TS Apr 16, 2022 10:27pm
SBP Governor must take up this matter with Govt as five days working esp. for banks was implemented on following realistic basis: work and family life balance save energy and to follow international financial markets.
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Shagufta bibi Apr 17, 2022 09:15pm
Not agree with this decision.kindly reverse the old banking time . thanks
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Shagufta bibi Apr 17, 2022 09:16pm
And dont disturb to us ...hamin apna kam karnay dain ap apni siyasat daikhain..maff karain haim plz
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Azad Sep 25, 2023 08:23pm
I have heard about banks that are taking 12 hours of work from employees for the payment of just 8 hours only.
0
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